Search
 

Ann Taylor Adds 30 Units

NEW YORK CITY-Profits surged 29%, making the period the best in the company's history for third quarter earnings.

By Beverly Ford | Updated on November 21, 2006

NEW YORK CITY-Women’s clothing retailer Ann Taylor opened 30 new outlets in the third quarter as profits soared 29%, to give the New York chain the best third quarter of earnings performance in the company’s history.

The upscale clothing retailer added seven Ann Taylor stores, 19 Ann Taylor LOFT stores and four Ann Taylor Factory stores to its holdings during the three months ended Oct. 28, increasing the company’s total square footage by 5.4% to 5 million sf from the 4.7 million sf it held in the same period last year.

The firm, which currently operates 856 stores under the Ann Taylor, Ann Taylor LOFT and Ann Taylor Factory banners, said profits jumped 29% in the quarter, aided by an increase in the full-price sale of more suits and dresses along with strong sales at both its brick-and-mortar stores and its online operation.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.